DTN Closing Cotton Commentary
The cotton market traded both sides of Wednesday's mix but did finish gingerly higher.
DTN Closing Cotton Commentary
The cotton market traded both sides of Wednesday’s mix but did finish gingerly higher. Traders are waiting to see the jobs report results Thursday, as well as any new court ruling on the legitimacy of the Trump tariffs.
USDA will issue its holiday-delayed weekly export sales report Friday at 8:30 a.m. EDT. Last week’s business saw net sales of 179,000 bales, mostly for Vietnam, with shipments of 112,900 bales, again mainly to Vietnam.
Also on Friday, the Labor Department will issue its jobs data for August. Non-farm payrolls are expected to see a gain of 75,000 jobs, after last month’s controversial 73,000 job gain. The unemployment rate is expected to be 4.3%.
Crude oil was somewhat lower today as investors awaited this weekend’s meeting of OPEC. The eight-member cartel will consider further increases to production in October. The potential move sends a strong signal of securing market share over price supports.
For Thursday, December 2025 ended at 66.20 cents, down 1 point; while March 2026 settled at 68.09 cents, plus 3 points. Thursday’s estimated volume was 22,500 contracts.
Keith Brown can be reached at commodityconsults@gmail.com
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